Latest news with #LEAN
Business Wire
01-07-2025
- Business
- Business Wire
Franklin BSP Realty Trust, Inc. Announces Closing of NewPoint Holdings JV L.L.C. Acquisition
NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) ('FBRT' or the 'Company') today announced the closing of its previously announced acquisition of NewPoint Holdings JV L.L.C. ('NewPoint') for a total consideration of $425 million. For additional details on the transaction, please refer to the press release issued by FBRT on March 10, 2025. Richard Byrne, CEO of FBRT and Chairman of the FBRT Board of Directors, said, 'This acquisition represents a transformational milestone for FBRT, strategically expanding our multifamily lending capabilities. The transaction is highly synergistic and positions FBRT to deliver long-term stockholder value through book value growth and enhanced earnings streams.' Further commenting on the acquisition, Michael Comparato, President of FBRT, shared, 'By adding agency lending capabilities onto our platform, we've taken a major step toward delivering a fully integrated, 'one-stop shop' solution for our clients. The cultural alignment we recognized early on with NewPoint has only deepened through the closing process and we look forward to executing on future opportunities in partnership with the NewPoint team.' About Franklin BSP Realty Trust, Inc. Franklin BSP Realty Trust, Inc. (NYSE: FBRT) is a real estate investment trust that originates, acquires and manages a diversified portfolio of commercial real estate debt secured by properties located in the United States. As of March 31, 2025, FBRT had approximately $5.7 billion of assets. FBRT is externally managed by Benefit Street Partners L.L.C., a wholly owned subsidiary of Franklin Resources, Inc. For further information, please visit About NewPoint Real Estate Capital NewPoint Real Estate Capital L.L.C. (NewPoint) is a prominent commercial real estate finance company delivering lending solutions to investors of multifamily, affordable housing, seniors housing, healthcare, and manufactured housing properties nationwide. NewPoint leverages technology, data, capital, and the expertise of its industry-leading team to provide loan origination, servicing, execution, and a suite of Agency and curated proprietary products to meet the evolving needs of borrowers. In addition to being a Fannie Mae DUS®, Freddie Mac Optigo®, and FHA/HUD MAP and LEAN Lender, as well as an approved issuer of Ginnie Mae securities, NewPoint also offers proprietary bridge and affordable housing financing, as well as third-party placement solutions. Forward-Looking Statements Certain statements included in this press release are forward-looking statements. Those statements include statements regarding the intent, belief or current expectations of the Company and members of our management team, as well as the assumptions on which such statements are based, and generally are identified by the use of words such as "may," "will," "seeks," "anticipates," "believes," "positions," "estimates," "expects," "plans," "intends," "should" or similar expressions. Actual results may differ materially from those contemplated by such forward-looking statements. Further, forward-looking statements speak only as of the date they are made, and we undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law. The Company's forward-looking statements are subject to various risks and uncertainties. Factors that could cause actual outcomes to differ materially from our forward-looking statements include macroeconomic factors in the United States including inflation, changing interest rates and economic contraction, the extent of any recoveries on delinquent loans, the financial stability of our borrowers and the other, risks and important factors contained and identified in the Company's filings with the Securities and Exchange Commission ('SEC'), including its Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and its subsequent filings with the SEC, any of which could cause actual results to differ materially from the forward-looking statements. The forward-looking statements included in this communication are made only as of the date hereof.
Yahoo
17-06-2025
- Business
- Yahoo
Churchill Stateside Group Provides $4,528,000 Permanent Loan Commitment for 101-Unit Affordable Family Housing Community in North Charleston, SC
CLEARWATER, Fla., June 17, 2025--(BUSINESS WIRE)--Churchill Stateside Group, LLC ("CSG"), a real estate and renewable energy financial services company, is pleased to announce the commitment of a $4,528,000 permanent loan for Cooper Crest Apartments, a 101-unit new construction affordable family housing community located in North Charleston, South Carolina. The financing, provided through Churchill Mortgage Investment LLC ("CMI"), will support the development of this modern apartment community with a 16-year term and 35-year amortization. The community will feature a mix of one-, two-, three-, and four-bedroom apartments, all income-restricted between 20% and 70% of the Area Median Income (AMI), offering high-quality, affordable living options for families in the region. Construction of the Cooper Crest Apartments is scheduled for completion in 2026. Dan Duda, Executive Vice President, National Director of Originations & Acquisitions for CSG, commented, "It's a privilege to support this impactful project that addresses the critical demand for affordable family housing in the Charleston area. Our forward-committed permanent loan structure continues to offer unique value to our developer partners, helping them lock in long-term financing certainty with favorable terms. Thank you to our development partners for allowing CSG to be part of the financing." Keith Gloeckl, Chief Executive Officer of CSG, added, "We're proud to play a part in expanding access to affordable housing through Cooper Crest Apartments. At Churchill, we remain committed to financing developments that strengthen communities and improve quality of life for families nationwide." Churchill Stateside Group continues to be a leader in affordable housing finance, dedicated to advancing strong, inclusive communities through creative, client-focused capital solutions. Looking for creative financing solutions for your next affordable housing project? Visit us at or reach out to our production team at production@ About Churchill Stateside Group Churchill Stateside Group and its wholly owned affiliates (CSG) serve the affordable housing and commercial renewable energy industries. CSG sponsors tax credit equity investment funds for institutional investors and provides a variety of construction, permanent, and bond financing solutions. With over $6.5 Billion of assets under management, CSG has long-standing and successful investment relationships with numerous corporate investors. The company's investor and developer clients benefit from our experienced staff, prominent and proactive senior leadership, and attractive debt and equity platforms. The company, through its subsidiary Churchill Mortgage Investment LLC (CMI), is an approved USDA Rural Development and HUD/FHA MAP and LEAN lender and Ginnie Mae Issuer, seller, and servicer. View source version on Contacts Carter Daignault(727) 233-0614Marketing@ Sign in to access your portfolio
Business Wire
17-06-2025
- Business
- Business Wire
Churchill Stateside Group Provides $4,528,000 Permanent Loan Commitment for 101-Unit Affordable Family Housing Community in North Charleston, SC
CLEARWATER, Fla.--(BUSINESS WIRE)-- Churchill Stateside Group, LLC ('CSG'), a real estate and renewable energy financial services company, is pleased to announce the commitment of a $4,528,000 permanent loan for Cooper Crest Apartments, a 101-unit new construction affordable family housing community located in North Charleston, South Carolina. The financing, provided through Churchill Mortgage Investment LLC ('CMI'), will support the development of this modern apartment community with a 16-year term and 35-year amortization. The community will feature a mix of one-, two-, three-, and four-bedroom apartments, all income-restricted between 20% and 70% of the Area Median Income (AMI), offering high-quality, affordable living options for families in the region. Construction of the Cooper Crest Apartments is scheduled for completion in 2026. Dan Duda, Executive Vice President, National Director of Originations & Acquisitions for CSG, commented, 'It's a privilege to support this impactful project that addresses the critical demand for affordable family housing in the Charleston area. Our forward-committed permanent loan structure continues to offer unique value to our developer partners, helping them lock in long-term financing certainty with favorable terms. Thank you to our development partners for allowing CSG to be part of the financing.' Keith Gloeckl, Chief Executive Officer of CSG, added, 'We're proud to play a part in expanding access to affordable housing through Cooper Crest Apartments. At Churchill, we remain committed to financing developments that strengthen communities and improve quality of life for families nationwide.' Churchill Stateside Group continues to be a leader in affordable housing finance, dedicated to advancing strong, inclusive communities through creative, client-focused capital solutions. Looking for creative financing solutions for your next affordable housing project? Visit us at or reach out to our production team at production@ About Churchill Stateside Group Churchill Stateside Group and its wholly owned affiliates (CSG) serve the affordable housing and commercial renewable energy industries. CSG sponsors tax credit equity investment funds for institutional investors and provides a variety of construction, permanent, and bond financing solutions. With over $6.5 Billion of assets under management, CSG has long-standing and successful investment relationships with numerous corporate investors. The company's investor and developer clients benefit from our experienced staff, prominent and proactive senior leadership, and attractive debt and equity platforms. The company, through its subsidiary Churchill Mortgage Investment LLC (CMI), is an approved USDA Rural Development and HUD/FHA MAP and LEAN lender and Ginnie Mae Issuer, seller, and servicer.
Yahoo
17-06-2025
- Business
- Yahoo
Churchill Stateside Group Provides $4,528,000 Permanent Loan Commitment for 101-Unit Affordable Family Housing Community in North Charleston, SC
CLEARWATER, Fla., June 17, 2025--(BUSINESS WIRE)--Churchill Stateside Group, LLC ("CSG"), a real estate and renewable energy financial services company, is pleased to announce the commitment of a $4,528,000 permanent loan for Cooper Crest Apartments, a 101-unit new construction affordable family housing community located in North Charleston, South Carolina. The financing, provided through Churchill Mortgage Investment LLC ("CMI"), will support the development of this modern apartment community with a 16-year term and 35-year amortization. The community will feature a mix of one-, two-, three-, and four-bedroom apartments, all income-restricted between 20% and 70% of the Area Median Income (AMI), offering high-quality, affordable living options for families in the region. Construction of the Cooper Crest Apartments is scheduled for completion in 2026. Dan Duda, Executive Vice President, National Director of Originations & Acquisitions for CSG, commented, "It's a privilege to support this impactful project that addresses the critical demand for affordable family housing in the Charleston area. Our forward-committed permanent loan structure continues to offer unique value to our developer partners, helping them lock in long-term financing certainty with favorable terms. Thank you to our development partners for allowing CSG to be part of the financing." Keith Gloeckl, Chief Executive Officer of CSG, added, "We're proud to play a part in expanding access to affordable housing through Cooper Crest Apartments. At Churchill, we remain committed to financing developments that strengthen communities and improve quality of life for families nationwide." Churchill Stateside Group continues to be a leader in affordable housing finance, dedicated to advancing strong, inclusive communities through creative, client-focused capital solutions. Looking for creative financing solutions for your next affordable housing project? Visit us at or reach out to our production team at production@ About Churchill Stateside Group Churchill Stateside Group and its wholly owned affiliates (CSG) serve the affordable housing and commercial renewable energy industries. CSG sponsors tax credit equity investment funds for institutional investors and provides a variety of construction, permanent, and bond financing solutions. With over $6.5 Billion of assets under management, CSG has long-standing and successful investment relationships with numerous corporate investors. The company's investor and developer clients benefit from our experienced staff, prominent and proactive senior leadership, and attractive debt and equity platforms. The company, through its subsidiary Churchill Mortgage Investment LLC (CMI), is an approved USDA Rural Development and HUD/FHA MAP and LEAN lender and Ginnie Mae Issuer, seller, and servicer. View source version on Contacts Carter Daignault(727) 233-0614Marketing@ Sign in to access your portfolio
Business Wire
09-06-2025
- Business
- Business Wire
Adlana Buck Joins X-Caliber Capital as FHA Chief Underwriter
IRVINGTON, N.Y.--(BUSINESS WIRE)--X-Caliber Capital, an FHA-approved Multifamily Accelerated Processing (MAP) lender and loan servicer, today announced Adlana Buck has joined the firm as FHA Chief Underwriter. Buck brings nearly 25 years of experience in multifamily and HUD-insured lending. Over the past decade, she has overseen or directly underwritten nearly $2 billion in FHA transactions spanning affordable, market-rate, and healthcare asset classes. X-Caliber Appoints Adlana Buck to FHA Chief Underwriter. Share Buck previously served as the FHA Chief Underwriter for Capital One where she led complex, high-dollar transactions nationwide and managed underwriting operations across the firm's FHA platform. Over the past five years, Buck participated in more than a hundred successful HUD transactions, including over $334 million in affordable housing transactions and more than $560 million in healthcare financings. As the FHA Chief Underwriter for X-Caliber, Buck will lead the underwriting for all MAP and LEAN executions, overseeing credit strategy, transaction structuring, and lender compliance for the firm's FHA multifamily and healthcare lending platforms. 'Adlana brings a wealth of experience and a strong track record in FHA multifamily finance,' said Chris Callahan, President and CEO of X-Caliber. 'Her expertise aligns well with our strategic vision, and we're confident she'll play a key role in enhancing the value we deliver to our clients as we continue to grow our platform.' Buck will report to Amber Howard, Chief Operating Officer. She is an active member of the Mortgage Bankers Association's Multifamily Council and the Low-Income Housing Tax Credit (LIHTC) Committee. About X-Caliber Capital Holdings LLC ('X-Caliber') – X-Caliber Capital Holdings is a nationally recognized commercial real estate finance franchise whose affiliate companies provide direct mortgage lending, servicing, advisory, and investment opportunities. Our diverse and growing lending and investment entities support and leverage our expansive and innovative lending platforms that offer FHA, bridge, USDA, and C-PACE financing.
